(in millions of CDN dollars)

March 31, 2017 March 31, 2016

ASSETS
Current assets
Cash and cash equivalents 250.5 164.3
Receivables 863.2 837.5
Inventories (Note 4) 1,172.5 1,077.1
Income taxes receivable (Note 14) 15.0 4.7
Prepaid expenses and other assets 79.3 92.2
2,380.5 2,175.8
Property, plant and equipment (Note 6) 2,165.5 2,086.0
Goodwill (Note 7) 2,240.5 2,194.1
Intangible assets (Note 7) 662.3 587.0
Other assets (Note 8) 99.7 106.5
Deferred income taxes (Note 14) 48.1 22.9
Total assets 7,596.6 7,172.3

LIABILITIES
Current liabilities
Bank loans (Note 9) 93.8 178.2
Accounts payable and accrued liabilities 1,008.3 896.6
Income taxes payable (Note 14) 91.3 37.1
Current portion of long-term debt (Note 10) - 244.9
1,193.4 1,356.8
Long-term debt (Note 10) 1,500.0 1,208.3
Other liabilities (Note 11) 68.9 61.8
Deferred income taxes (Note 14) 511.4 475.6
Total liabilities 3,273.7 3,102.5

EQUITY
Share capital (Note 12) 871.1 821.0
Reserves 812.7 695.7
Retained earnings 2,639.1 2,485.1
Equity attributable to shareholders of Saputo Inc. 4,322.9 4,001.8
Non-controlling interest - 68.0
Total equity 4,322.9 4,069.8
Total liabilities and equity 7,596.6 7,172.3